Because you answered a question I didn't ask. Again, I asked the question that would have resulted in either, yes oil production decreased; or no oil production increased; had you actually answered the question I asked. You answered with neither.
Bush-era offshore drilling plan shelved - US news - Environment NBC News
The reality of enhanced supply just doesn't do it for you, eh? The reason the price is dropping right now is the same reason why it dropped from $4 to $1.35 before obama made it go back up.
Your own link proves you wrong. Obama restricted nothing until the Deepwater Horizon accident in 2010, and even that was only for a period of time while the safety of deep offshore drilling was looked in to.
"WASHINGTON — The Obama administration on Tuesday overturned another Bush-era energy policy, setting aside a draft plan to allow drilling off the Atlantic and Pacific coasts."
If that were true, gas prices would have plummeted in 2010/2011 after Obama lifted deep offshore drilling. Yet it didn't, thereby refuting your nonsense.
I don't know why you can't understand your own article?
He lifted nothing beyond what he added in addition to the 2009 prohibition plans.
Gas prices began rising precisely on January 11, 2009. They began falling after Bush acted on reversing the 1991 exec order in July 2008.
Nope. Oil doesn't work that way.
Then what you're saying is you believe in Obamagas; we have low prices now because of O'bama, who brilliantly "made it go back down" after the mid-term election.
The reason gas went up after Jan. '09 was that it corrected to where it had been before, after plummeting with the Bush-era depression (after its all-time high the previous summer). When it rose and found its level of over $3 a gallon it was seeking and finding what had become its natural normal. The point to which the '08 plummet took it was artificially low, which is what makes Mitt Romney either a liar or an idiot about how the business works.
Makes the whole premise of this thread a lie too, which is why the OP is hiding from it.
This just in: gas prices did not begin on 1/20/09. Who knew.
No. They dropped because offshore moratoriums were allowed to expire. All before the housing market crash. The crash is the excuse obama sheeple use. That logic would suggest prices would have stayed low because the economy never recovered.
Gas prices began rising precisely on January 11, 2009. They began falling after Bush acted on reversing the 1991 exec order in July 2008.
Nope. Oil doesn't work that way.
Then what you're saying is you believe in Obamagas; we have low prices now because of O'bama, who brilliantly "made it go back down" after the mid-term election.
The reason gas went up after Jan. '09 was that it corrected to where it had been before, after plummeting with the Bush-era depression (after its all-time high the previous summer). When it rose and found its level of over $3 a gallon it was seeking and finding what had become its natural normal. The point to which the '08 plummet took it was artificially low, which is what makes Mitt Romney either a liar or an idiot about how the business works.
Makes the whole premise of this thread a lie too, which is why the OP is hiding from it.
This just in: gas prices did not begin on 1/20/09. Who knew.
The potential for supply enhancement affects prices as much as the potential for supply depletion. That's why the price of oil not yet realized goes up because of wars and storms, etc. Bush's plans had the same impact in dropping prices as obama's plans to stifle impacted the rise.I don't know why you can't understand your own article?
The preliminary plan drawn up by the Bush administration would have authorized 31 energy exploration lease sales between 2010 and 2015 for tracts along the East Coast and off the coasts of Alaska and California.
Bush's plan didn't go into effect in 2009. Leases weren't set to open up until 2010 and by the time they would have gone into effect, Obama released his own plan for expanding offshore drilling...
Obama to Open Offshore Areas to Oil Drilling for First Time
Now go sell stupid elsewhere.
[edit: oh, and by the way ... the reason you wouldn't answer my question before is because oil production increased in 2009. Apparently, you're unfamiliar with the economic law of supply and demand.]
Yeah, it did. It slowed the process by six years and is preventing the process from improving more as we speak.Yes that offshore drilling restriction sure did keep us from becoming an major oil producer...It was in the dead of winter 2009 that prices began to rise under obama due to his reimposing of offshore drilling restrictions. Recent price drops have occurred in spite of his economically choking energy policy.No, it would just be cheaper. He has stifled supply side in the US and it's production increases in the US that have occurred in places he can't prohibit that have led to this drop in price. All in spite of obama. Obama is keeping and has kept prices higher than need be since the day he took office. Actually since a few days before as speculation is based on potential circumstances.I know.....they'd be giving it away, if it wasn't for Obama..........
You all just keep showing how uninformed you really are. Here....quit listening to bimbos on Faux News that don't know what they are talking about and get informed. It pains me to see so many Americans being so ignorant when it comes to gas prices rising/dropping.
Why are gas prices likely to keep falling? You can thank a variety of market forces that are working together to push prices lower. Here are four of the main ones, and how each will make it less expensive to drive in coming months.
American oil producers have been on a tear lately. Thanks to new drilling in the Gulf of Mexico and the increased use of techniques like hydraulic fracturing, or "fracking," on land, the U.S. is awash in crude.
Domestic oil production has increased every year since 2008, which has contributed to a growing world supply. Meanwhile, American refineries are buying fewer barrels of more expensive foreign crudes.
The increased oil supply in the U.S., combined with weakening expectations for the global economy and world oil consumption, will likely push oil prices lower in 2015. As the cost of oil falls, so will the price of petroleum products like gasoline.
One of the primary reasons your gas prices rise or fall is the fluctuation in the price of crude oil. U.S. refineries buy several million barrels of oil every day to supply the world's biggest economy, so even small price changes make a big difference.
When crude oil prices go up or down, gas prices tend to follow. And right now, oil prices are on the decline.
Oil prices have been falling for several reasons, including the increased U.S. crude production and an outlook for weaker growth in global oil demand. Meanwhile, the Organization of the Petroleum Exporting Countries, or OPEC, decided toward the end of 2014 not to manipulate prices by restricting oil production.
Overall, government energy forecasters expect crude prices to be significantly lower in 2015. The Energy Information Administration says the U.S. benchmark price could drop to $62.75 per barrel in 2015 -- a 33 percent discount from 2014. That means refineries would pay less for crude oil, and at least some of that savings should be passed on to drivers in the form of cheaper gasoline.
That makes the Gulf a rich and perilous place for satisfying America's energy needs. But the region hasn't seen much hurricane activity in a while, and that has contributed to declining gasoline prices.
A well-placed storm can cripple thousands of oil rigs in a weekend, and occasionally one does. Gas prices usually spike in reaction, as nervous refineries and petroleum traders gauge how long the supply disruption will last.
For example, in August 2012, gasoline prices surged as Hurricane Isaac whipped through the Gulf and shuttered 1.3 million barrels per day of refining capacity. In 2005, gas prices jumped more than 46 cents in the week after Hurricane Katrina made landfall, according to government data.
Did you know that there are many different recipes for gasoline? Thanks to different state and local regulations, your neighborhood pump probably sells a different blend of gas than pumps in other states. And there are seasonal varieties, too -- summer gasoline and winter gasoline.
Winter gasoline is usually the cheapest.
4 Reasons Gas Prices Will Keep Dropping in 2015 Bankrate.com
Why do you obama sheeple insist on not thinking?
More idiocy you can't sell.
By early August, 2008, banks were already beginning to lock up. By then, we were nine months into the recession By no small coincidence, August, 2008, is also the month when crude prices began falling in big numbers.
No, no Fox News issue here. I rely on my own experience and not what any left wing brainwashers tell me as you obama sheeple do. I drove cross country on jan 11, 2009 and watched the impact of obama drilling restriction pronouncements happen. $1.35 on jan 11, $1.80 (and rising) by jan 23.It was in the dead of winter 2009 that prices began to rise under obama due to his reimposing of offshore drilling restrictions. Recent price drops have occurred in spite of his economically choking energy policy.No, it would just be cheaper. He has stifled supply side in the US and it's production increases in the US that have occurred in places he can't prohibit that have led to this drop in price. All in spite of obama. Obama is keeping and has kept prices higher than need be since the day he took office. Actually since a few days before as speculation is based on potential circumstances.I know.....they'd be giving it away, if it wasn't for Obama..........
You all just keep showing how uninformed you really are. Here....quit listening to bimbos on Faux News that don't know what they are talking about and get informed. It pains me to see so many Americans being so ignorant when it comes to gas prices rising/dropping.
Why are gas prices likely to keep falling? You can thank a variety of market forces that are working together to push prices lower. Here are four of the main ones, and how each will make it less expensive to drive in coming months.
American oil producers have been on a tear lately. Thanks to new drilling in the Gulf of Mexico and the increased use of techniques like hydraulic fracturing, or "fracking," on land, the U.S. is awash in crude.
Domestic oil production has increased every year since 2008, which has contributed to a growing world supply. Meanwhile, American refineries are buying fewer barrels of more expensive foreign crudes.
The increased oil supply in the U.S., combined with weakening expectations for the global economy and world oil consumption, will likely push oil prices lower in 2015. As the cost of oil falls, so will the price of petroleum products like gasoline.
One of the primary reasons your gas prices rise or fall is the fluctuation in the price of crude oil. U.S. refineries buy several million barrels of oil every day to supply the world's biggest economy, so even small price changes make a big difference.
When crude oil prices go up or down, gas prices tend to follow. And right now, oil prices are on the decline.
Oil prices have been falling for several reasons, including the increased U.S. crude production and an outlook for weaker growth in global oil demand. Meanwhile, the Organization of the Petroleum Exporting Countries, or OPEC, decided toward the end of 2014 not to manipulate prices by restricting oil production.
Overall, government energy forecasters expect crude prices to be significantly lower in 2015. The Energy Information Administration says the U.S. benchmark price could drop to $62.75 per barrel in 2015 -- a 33 percent discount from 2014. That means refineries would pay less for crude oil, and at least some of that savings should be passed on to drivers in the form of cheaper gasoline.
That makes the Gulf a rich and perilous place for satisfying America's energy needs. But the region hasn't seen much hurricane activity in a while, and that has contributed to declining gasoline prices.
A well-placed storm can cripple thousands of oil rigs in a weekend, and occasionally one does. Gas prices usually spike in reaction, as nervous refineries and petroleum traders gauge how long the supply disruption will last.
For example, in August 2012, gasoline prices surged as Hurricane Isaac whipped through the Gulf and shuttered 1.3 million barrels per day of refining capacity. In 2005, gas prices jumped more than 46 cents in the week after Hurricane Katrina made landfall, according to government data.
Did you know that there are many different recipes for gasoline? Thanks to different state and local regulations, your neighborhood pump probably sells a different blend of gas than pumps in other states. And there are seasonal varieties, too -- summer gasoline and winter gasoline.
Winter gasoline is usually the cheapest.
4 Reasons Gas Prices Will Keep Dropping in 2015 Bankrate.com
Why do you obama sheeple insist on not thinking?
I see.....the experts are wrong, and you and the rest of the Fauxbots are the ones with the knowledge.................bwahahahahaha......
Complete idiocy. According to your nonsense, potential production that will not be realized for decades has more of an impact on prices than actual current production.The potential for supply enhancement affects prices as much as the potential for supply depletion. That's why the price of oil not yet realized goes up because of wars and storms, etc. Bush's plans had the same impact in dropping prices as obama's plans to stifle impacted the rise.I don't know why you can't understand your own article?
The preliminary plan drawn up by the Bush administration would have authorized 31 energy exploration lease sales between 2010 and 2015 for tracts along the East Coast and off the coasts of Alaska and California.
Bush's plan didn't go into effect in 2009. Leases weren't set to open up until 2010 and by the time they would have gone into effect, Obama released his own plan for expanding offshore drilling...
Obama to Open Offshore Areas to Oil Drilling for First Time
Now go sell stupid elsewhere.
[edit: oh, and by the way ... the reason you wouldn't answer my question before is because oil production increased in 2009. Apparently, you're unfamiliar with the economic law of supply and demand.]
And that is why the price Is dropping. If not for Obama energy policy we'd have been there six years earlier. You Obama apologists owe the rest of bud reparations.
